The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
The price of Remitly Global Inc (NASDAQ: RELY) closed at $17.54 in the last session, down -1.63% from day before closing price of $17.83. In other words, the price has decreased by -$1.63 from its previous closing price. On the day, 2.83 million shares were traded. RELY stock price reached its highest trading level at $17.74 during the session, while it also had its lowest trading level at $17.025.
Ratios:
We take a closer look at RELY’s different ratios to gain a better understanding of the stock. In the meantime, Its Debt-to-Equity ratio is 0.27 whereas as Long-Term Debt/Eq ratio is at 0.25.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BMO Capital Markets on February 22, 2024, Upgraded its rating to Outperform and sets its target price to $28 from $24 previously.
On January 17, 2024, Wells Fargo started tracking the stock assigning a Underweight rating and target price of $16.
On December 05, 2023, BMO Capital Markets started tracking the stock assigning a Market Perform rating and target price of $25.BMO Capital Markets initiated its Market Perform rating on December 05, 2023, with a $25 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 25 ’24 when Oppenheimer Matthew B. sold 10,416 shares for $17.94 per share. The transaction valued at 186,863 led to the insider holds 4,657,189 shares of the business.
Oppenheimer Matthew B. sold 10,416 shares of RELY for $191,238 on Apr 24 ’24. The Chief Executive Officer now owns 4,667,605 shares after completing the transaction at $18.36 per share. On Apr 15 ’24, another insider, Yoakum Rene, who serves as the EVP, Customer and Culture of the company, sold 15,000 shares for $18.67 each. As a result, the insider received 280,120 and left with 81,137 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RELY now has a Market Capitalization of 3375362816 and an Enterprise Value of 3125660672. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.50 while its Price-to-Book (P/B) ratio in mrq is 6.24. Its current Enterprise Value per Revenue stands at 3.31 whereas that against EBITDA is -30.11.
Stock Price History:
Over the past 52 weeks, RELY has reached a high of $27.95, while it has fallen to a 52-week low of $15.83. The 50-Day Moving Average of the stock is -12.13%, while the 200-Day Moving Average is calculated to be -17.37%.
Shares Statistics:
According to the various share statistics, RELY traded on average about 1.26M shares per day over the past 3-months and 1178250 shares per day over the past 10 days. A total of 188.44M shares are outstanding, with a floating share count of 135.24M. Insiders hold about 28.26% of the company’s shares, while institutions hold 55.03% stake in the company. Shares short for RELY as of 1713139200 were 6948282 with a Short Ratio of 5.52, compared to 1710460800 on 6685531. Therefore, it implies a Short% of Shares Outstanding of 6948282 and a Short% of Float of 4.97.
